By buying Shell’s Albian Sands oil sands mining operations, CNR gets its hands on current gross production of about 280,000 barrels per day from the Jackpine and Muskeg River mines, along with its Peace River thermal assets and undeveloped oil sands leases.

It also includes a major stake in the 300,000 bpd Scotford Upgrader and 1.1 million tonnes per annum Quest carbon capture and storage project.

CNR